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But there's yet another nail to be driven home: the practice of passing rising costs on to the consumer to maintain sufficient corporate profitability.
Richard Lim, chief executive at the consultancy Retail Economics, said shops faced a choice between passing rising costs on to consumers, taking a hit on margins, or passing them on elsewhere in the supply chain.
The next morning, we woke up early for a canoe ride on the sparkling lake Sebu, passing rising pink lotuses.
But the company has a difficult time passing rising expenses on to consumers, because increasingly powerful retailers like Wal-Mart and Costco tend to compete on price.
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Statewide, the proportion of students passing rose 1.9 points, to 47.2percentt.
There was a time when consumer-goods firms could pass rising costs on to their customers.
It is unclear whether businesses can afford to pass rising costs to consumers.
Private plans have done a poor job at restraining premium increases; they mostly pass rising medical costs on to the subscriber.
The Bank of Japan, the central bank, has expressed confidence that prices will continue to rise and approach its goal of 2 percent inflation as robust personal spending allows more companies to pass rising costs on to consumers.
Private insurance plans have been unwilling or unable to drive reforms to reduce provider costs, preferring instead to pass rising costs on to consumers through higher premiums, relying on Medicare to spearhead efficiency-enhancing reforms.
Fifty percent of manufacturers now say they are unable to pass rising costs on to consumers, compared with 40percentt in 1999, according to a survey released last month by the National Association of Purchasing Management.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com